LG Balakrishnan & Bros Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 21, 2025. Further, the company has submitted the Exchange a copy of Srutinizers report.
LGBBROSLTD · price
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LG Balakrishnan & Bros Limited held its 69th Annual General Meeting on August 21, 2025, via video conferencing. Six resolutions were put to vote and all were passed with overwhelming majority. Key items included adoption of audited financial statements for FY ended March 31, 2025 (99.99% in favor), declaration of a dividend of Rs. 20 per equity share (99.99% in favor), and re-appointment of two directors — Sri. Rajiv Parthasarathy and Sri. S. Sivakumar (both at 99.56% in favor). The shareholders also approved the appointment of MDS & Associates LLP as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-30 (99.99% in favor) and ratified the remuneration of the Cost Auditor Dr. G. L. Sankaran for FY 2025-26 (99.99% in favor). The Scrutinizer, M D Selvaraj of MDS & Associates LLP, confirmed the voting process was conducted in a fair and transparent manner.
Shareholders have approved a dividend of Rs. 20 per share for FY25, providing a clear cash return. All governance-related resolutions passed comfortably, indicating strong shareholder support and stable management continuity with no contentious issues raised at the AGM.